10/05/2019 Shell plans to invest about $ 2 billion a year in its activities in Brazil up to 2025 but may increase that amount to take advantage of new acquisition opportunities at all three oil and gas auctions. The company's global president, Ben van Beurden, says the company's offensive in the country will not only... Continue Reading →

10/05/2019 TGS plans to expand the number of multi-client seismic campaigns in Brazil and Argentina, countries considered central to the company's growth. According to the Norwegian service provider, the Brazilian market favors new activities due to the new auctions and the simplification of its regulatory system. In its financial report released on Thursday , TGS... Continue Reading →

May 10, 2019 Activities will be conducted in blocks of the 9th and 13th rounds of the ANP, revealed CEO Pedro Zinner Eneva plans to drill 11 exploration and 1 development wells this year, company president Pedro Zinner said this Thursday (9/5). Ten of them will be drilled in blocks auctioned in the 13th round... Continue Reading →

The U.S. oil company Anadarko has agreed to be acquired by Occidental Petroleum after Chevron on Thursday said it wouldn’t raise a previously placed takeover bid. Following Chevron’s announcement, Anadarko on Thursday said it had entered into a definitive merger agreement with Occidental Petroleum Corporation under which Occidental will acquire all of the outstanding shares... Continue Reading →

Dutch SBM Offshore has officially won a contract to deliver an FPSO for ExxonMobil’s second phase of the Liza development offshore Guyana. SBM Offshore, which had won the front end engineering work for the project last year, on Friday confirmed the construction and installation award. The FPSO construction and delivery award follows the Final Investment... Continue Reading →

Offshore drilling company Vantage Drilling International saw its net loss deepen in the first quarter of 2019. The company on Thursday reported a net loss attributable to controlling interest of $47.9 million for the first quarter 2019, compared to a net loss attributable to controlling interest of $32.1 million in the first quarter of 2018.... Continue Reading →

The international oil & gas advisory and classification society DNV GL has developed an algorithm that reduces the risk of offshore floating vessel mooring line failure going undetected. DNV GL said that the solution entailed replacing physical sensors with a machine learning algorithm that accurately predicts line failure in real time. The company’s Smart Mooring... Continue Reading →

  05/09/2019 The deep water discoveries and the long-term test forecast for 2019 in the Farfan area of ​​the Sergipe Basin were highlighted in a teleconference with investors about the company's results in the first quarter. The Director of Exploration and Production, Carlos Alberto Pereira de Oliveira, highlighted the latest discoveries in the region and... Continue Reading →